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According to a new CyberArk survey, half of organisations (50 percent) did not fully inform customers when their personal data was compromised in a cyber attack. With enforcement of the General Data Protection Regulation (GDPR) anticipated for May 2018, organisations that do not take action to improve transparency associated with breaches will face substantial consequences.
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Business leaders’ complacency exposed as one-third not intending to improve overall defenses in the next 12 months.
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Gartner, Inc. forecasts worldwide security spending to total $96.3 billion in 2018, an increase of 8 per cent from 2017. Organisations are spending more on security as a result of regulations, shifting buyer mindset, awareness of emerging threats and the evolution to a digital business strategy.
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McAfee forecasts developments in adversarial machine learning, ransomware, serverless apps, connected home privacy, and privacy of child-generated content.
Read More35% of IT professionals acknowledge that insider threat is biggest risk to networks.
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With 2018 on the horizon, experts are readily analysing and making predictions about the types of cyber threats we can expect to see in the year ahead. But to gain a complete understanding it’s important to recognise where the existing threats lie. With that, Simon Bain, CEO of BOHH Labs, ranks ransomware, mobile and IoT device security, as well as cyber security skills shortages, as having been some of the biggest challenges over the last 12 months.
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By combining Okta, the leader in identity access management; SailPoint, the leader in identity governance; and CyberArk, the leader in privileged access security; organizations now have a unified solution to securely manage and govern all users.
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